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Chinese companies have already taken a greener and more sustainable path to growth, as the COVID-19 pandemic has highlighted the need for better healthcare awareness and cleaner surroundings, said Zhao Ying, a researcher at the Beijing-based Institute of Industrial Economics, which is a part of the Chinese Academy of Social Sciences.

Chinese regulators have been tightening the screws regulating the trillion shadow banking sector as part of broader efforts to fend off financial risk, heightening pressure to cash-strapped borrowers as repayment season approaches in the coming months.

Chinese monetary authorities have vowed to safeguard financial stability, coordinate with multilateral mechanisms and keep the currency stable to offset global economic shocks, according to senior officials on Sunday.

Chinese Vice-Premier Liu Yandong (left) and Susan Thornton, US Acting Assistant Secretary of State for East Asian and Pacific Affairs, meet at a reception at the Chinese Embassy in Washington, Sept 27, 2017. [Photo by Zhao Huanxin/chinadaily.com.cn]

Chinese ambassador Liu Xiaoming hailed the professors' academic achievements in Britain, expressing the wish they would continue contributing to the development of China as well as to enhance China-UK educational cooperation.